Gold Loan
Gold Loan
Gold is a great asset that brings certainty and stability, so why not put it to work for you? A Gold Loan is a simple solution with minimal documentation and speedy disbursement. A Loan against Gold can be obtained at any moment. Our flexible repayment terms and alternatives keep your monthly outgoings within your budget.
You can easily qualify for a gold loan if you are of acceptable age and your gold jewelry is at least 22 carats. Because you are giving your gold holdings as collateral, you do not need a strong CIBIL score to apply for this loan. You can only use gold jewelry as collateral for this loan.
Ezmy Loans is well-known for providing the best gold loans in India at the lowest interest rates. We provide many gold loan schemes from which you may choose based on your needs. Each scheme has its own set of benefits and caters to different sorts and needs of our consumers.
Why choose us:
- Low-interest rates
- Simple and easy paperwork
- Versatile tenancies with low-interest rates
- Data Safety and Security
Eligibility Criteria for Gold Loan
Profession:
- Farmer
- Trader
- Salaried / Self-Employ Professional
- Businessman
Age: 18 to 75 years of age
Gold Loan Benefits
- Less paperwork to process: A gold loan can be used when you need money quickly because it doesn't involve any time-consuming paperwork. Banks and other loan providers process loans in a matter of hours because the only document required of the loaner is identification verification.
- Ease: A gold loan is the most convenient of all loans because all that is required is that the borrower pledges his or her gold with the loan provider, and the rest is taken care of. Immediately, a loan of up to 80% of the market value of gold can be obtained.
- No income or salary criteria: Before granting a loan to any loaner, all loan providers need that he has a good repayment capacity, that is, he should have a stable salary to be able to return the gold loan. On the contrary, gold loans do not demand any verification or validation of the person's income or salary. So, even if you are unemployed and unemployed, you can get a gold loan. This is because one is pledging a valued asset, such as gold, in exchange for the loaned sum.
Documents Required
- Driving license,
- Voters’ ID Card
- Aadhaar Card
- PAN Card
- KYC documents
- Passport
1. When is the best time to apply for a Gold Loan?
When you need funds for a specified end-use reason, you can request for a Loan against Gold.
2. What if a Gold Loan is not repaid?
In the event of a Gold Loan non-payment, the bank begins by sending EMI payment reminders through email and text to the borrower. After a specific period, various penalties or interest rates are charged on the Gold Loan amount. If the Gold Loan sum is not paid despite repeated follow-ups within the time frame specified by the bank, the bank will sell or auction the gold jewelry to repay the loan amount.
3. Can I prepay or foreclose on my Gold Loan?
Yes, you can prepay or foreclose on your Gold Loan. However, some fees would be levied.
